Question
The managerial accountant at Duck Manufacturing reported the following information: Units Beginning WIP 58,500 75% for materials 45% for conversion Transferredminusin 224,000 Completed 232,000 Ending
The managerial accountant at Duck Manufacturing reported the following information:
| Units | |
| Beginning WIP | 58,500 |
| 75% for materials | |
| 45% for conversion | |
| Transferredminusin | 224,000 |
| Completed | 232,000 |
| Ending WIP | |
| 60% for materials | |
| 20% for conversion | 50,500 |
| Costs: | |
| Beginning WIP | |
| Direct materials | $73,500 |
| Conversion | 152,400 |
| Transferredminusin | 103,000 |
| Transferredminusin from department 1 | $1,555,050 |
| Direct materials added | 918,375 |
| Conversion added | 5551,875 |
The cost of ending WIP is closest to
a)238,900
b)337,869
c) 143,959
d) 440,360
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
